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Akshar Spintex Rights Issue 2024 vs Vardhman Polytex Rights Issue 2024

Comparision between Akshar Spintex Rights Issue 2024 and Vardhman Polytex Rights Issue 2024.

Rights Issue details

Find important information like Listing Exchange, Terms of payment and Entitlement Ratio for Akshar Spintex Rights Issue 2024 and Vardhman Polytex Rights Issue 2024. Akshar Spintex Rights Issue 2024 is listed on BSE, NSE while Vardhman Polytex Rights Issue 2024 is listed on BSE, NSE.

  Akshar Spintex Ltd Vardhman Polytex Ltd.
Logo Akshar Spintex Rights Issue 2024 Logo Vardhman Polytex Rights Issue 2024 Logo
Listing At BSE, NSE BSE, NSE
Terms of Payment

The entire amount of the Issue Price of Re. 1 per Rights Equity Share shall be payable at the time of Application.

The entire amount of the Issue Price of Rs 6/- per Rights Equity Share shall be payable at the time of Application.

Entitlement 13 Rights Equity Share(s) for every 8 fully paid-up Equity Shares held on Record Date 7 Rights Equity Share(s) for every 23 fully paid-up Equity Shares held on Record Date
Application Form Application Form Application Form
Letter of Offer Letter of Offer Letter of Offer
Registrar Bigshare Services Pvt Ltd Alankit Assignments Ltd
Lead Managers Arihant Capital Markets Ltd

Rights Issue Size and Price

The issue size of Akshar Spintex Rights Issue 2024 rights issue is ₹48.75 Crores, whereas Vardhman Polytex Rights Issue 2024 rights issue size is ₹49.84 Crores.

  Akshar Spintex Ltd Vardhman Polytex Ltd.
Issue Size 48,74,80,500 shares 8,30,59,434 shares
Issue Size (Amount) ₹48.75 Crores ₹49.84 Crores
Issue Price ₹1 per share ₹6 per share
Face Value ₹1 per share ₹1 per share

Rights Issue Timetable

Find all the important dates related to the rights issue. The record date of Akshar Spintex Rights Issue 2024 is Aug 23, 2024 while record date of Vardhman Polytex Rights Issue 2024 is Aug 28, 2024.

  Akshar Spintex Ltd Vardhman Polytex Ltd.
Record Date Aug 23, 2024 Aug 28, 2024
Credit of Rights Entitlements Sep 04, 2024 Sep 11, 2024
Bid/Offer Opens On Sep 09, 2024 Sep 12, 2024
Renunciation of Rights Entitlements Sep 24, 2024 Sep 24, 2024
Bid/Offer Closes On Sep 30, 2024 Sep 27, 2024
Deemed Date of Allotment Oct 09, 2024 Oct 08, 2024
Credit Date Oct 14, 2024 Oct 10, 2024
Listing Date Oct 15, 2024 Oct 11, 2024

Financials details

Comparison of Akshar Spintex Rights Issue 2024 and Vardhman Polytex Rights Issue 2024 financial data, including total revenue, PAT, and net worth. The table below also includes a list of all relevant documents like the Application Form and Letter of Offer. Related Parties like Lead Manager and Registrar are also mentioned in this section.

  Akshar Spintex Ltd Vardhman Polytex Ltd.
Financial

Akshar Spintex Ltd Financial Information (Restated)

Akshar Spintex Ltd's revenue increased by 29% and profit after tax (PAT) rose by 224.99% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets73.8676.4492.88
Revenue177.91137.92175.57
Profit After Tax3.46-2.767.02
Net Worth43.8840.6443.23
Reserves and Surplus13.8815.6418.23
Total Borrowing18.9817.6725.65
Amount in ₹ Crore

Vardhman Polytex Ltd. Financial Information (Restated)

Vardhman Polytex Ltd.'s revenue decreased by -36% and profit after tax (PAT) dropped by -1894% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 2023
Assets275.6291.41
Revenue399.61621.67
Profit After Tax-26.761.49
Net Worth-361.04-362.31
Reserves and Surplus-394.32-382.81
Amount in ₹ Crore

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